Summary

Finance Committee recommends DOT Local Bridge grant, reviews FY2025 audit and continues budget discussions

LedyardFeb 4, 20263 min read

At a glance

Quick context to catch up fast.

Meeting held Feb 4, 2026 (5:00 PM, Town Hall Annex - hybrid). CliftonLarsonAllen presented the Fiscal Year ending June 30, 2025 audit. Committee approved the Jan 7, 2026 minutes, recommended approval of a Connecticut DOT Local Bridge Program grant application and resolution for Lantern Hill Road Bridge No. 137001 (est. total ~ $2.8M, 50% eligible). Committee continued review of financial reports, discussed Board of Education surplus accounting under Public Act #24-45, potential uses for National Opioid Settlement funds, scheduling joint quarterly finance meetings with the Board of Education, and noted issuance of an RFP for auditing services.

Committees mentioned

Open the committee coverage hubs tied to this summary.

Finance Committee

Topics discussed

TransportationBudget & TaxPublic SafetyEducationHealthcare

View official document

Was this summary helpful?

Your feedback helps us prioritize what to improve next.

Key decisions

Follow the major takeaways from this briefing.

Approved Finance Committee minutes of January 7, 2026 (vote 3-0).
Recommended for approval a Connecticut DOT Local Bridge Program grant application and associated resolution authorizing the Mayor to submit for replacement of Lantern Hill Road Bridge No. 137001 (estimated total nearly $2.8M; grant covers 50% of eligible costs) (vote 3-0).
Continued review of FY2025-2026 financial reports and deferred Budget vs. Actual revenue/expenditure reports through Jan 31, 2026 to the March 4, 2026 meeting.
Noted issuance of RFP #2026-003 for Auditing Services and ongoing updates to the Town's Purchasing Ordinance.
Continued discussion on potential uses of National Opioid Settlement payments (including a Police DARE program request) and scheduling of regular quarterly joint Finance Committee meetings with the Board of Education.

Timeline & follow-ups

Action items flagged by the community.

No follow-ups have been shared yet. Add one in the community board below.

Meeting information

Details and records from this meeting.